Discover the Acea Group online 2019 Sustainability Report
Businesses and Functions of the main Group Companies
Today Acea is one of the main Italian multi-utilities working in the public energy (production, distribution, including public lighting, and sales), water (integrated cycle) and environmental services (waste valorization, composting and value-added services). As mentioned above, the company is the reference operator in the Rome’s territory. In the water industry, as an industrial partner for local operators, Acea is present in other parts of Central Italy (Tuscany and Umbria) and Southern Italy (Campania).
In line with the new strategic guidelines, in 2019 some initial operations were also carried out in the gas distribution sector, the production of photovoltaic electricity – with the acquisition of plants having a total capacity of about 28 MWp – and the circular economy, with the development of composting and the acquisition of waste treatment plants. These developments were accompanied by initiatives and agreements both at the technological level and in the development of activities (see the in-depth box and the chapter titled Institutions and the Company).
Acea Energia and ERG: Power Purchase Agreement (PPA) for Renewable Energy
In October 2019 Acea Energia entered into the first two agreements with ERG (ERG Power Generation) for the supply of a total of 1.5 TWh of renewable energy in the period from 2020 to 2022. PPA contracts make it possible to optimize synergies between the two complementary operators (wholesaler and producer) to their mutual benefit: the purchase of energy for resale to one’s customer portfolio and the sale of energy produced from renewable sources.
The agreement provides for Acea Energia to withdraw the entire production of electricity from ERG’s 13.2 MW recently-rebladed wind farm in Avigliano at a fixed price.
The signing of these contracts will allow Acea Energia to diversify the energy supply for end customers, thus ensuring more stable prices, and to support the energy transition process the Acea Group is engaged in. The price dynamics underlying these agreements, which make it possible to optimize the levels of risk for both partners, may in the future be the basis for further medium-long term relationships between the parties (ten-year PPAs).
Table no. 6 shows some representative data of the Group, while the business areas and geographical reach of the main companies are briefly detailed in chart no. 2.
TABLE NO. 6 – ACEA GROUP IN NUMBERS, 2019
|PERSONNEL (number, by % consolidation)||7,576|
|NET REVENUES (million €)||3,186.1|
|INVESTED CAPITAL (million €)||5,169.5|
|net equity debt||3,062.8|
|TOTAL ASSETS IN THE FINANCIAL STATEMENTS (million €)||8,954.4|
|generation (GWh) (gross)||904.1|
|of which from renewable sources (GWh) (gross)||635.0|
|network demand (GWh)||10,609|
|sales (GWh) (free and protected market)||6,432|
|electricity and gas customers (number)||1,365,869 |
|electricity generation (GWh) (gross total)||357.2|
|waste burnt (t)||434,623|
|bulbs managed in Rome (number)||225,730|
|WATER (INTEGRATED WATER SERVICE)|
|drinking water supplied and billed (Group) (Mm³) ||629|
|of which (Acea Ato 2, Acea Ato 5, Gori and Gesesa)||447|
|analytical checks on drinking water (Group) (number)||1,416,870|
|of which (Acea Ato 2, Acea Ato 5, Gori and Gesesa)||607,309|
|wastewater treatment (Group) (Mm³) ||855|
|of which (Acea Ato 2, Acea Ato 5, Gori and Gesesa)||666|
|inhabitants served (Group) (million)||8.6|
|of which (Acea Ato 2, Acea Ato 5, Gori and Gesesa)||5.8|